Recently, I’ve been looking at the weekly chart of Ethereum and noticed that the MACD seems to have formed a golden cross again. I checked the historical data, and the last time this happened, ETH increased by 130%, the time before that by 74%, and even earlier by 98%. These figures do look quite attractive.



However, to be honest, although a MACD golden cross is often considered a sign of increasing momentum, past performance doesn’t necessarily predict the future. With market sentiment changing so quickly lately, it’s important to consider the macro environment and overall atmosphere as well. Currently, ETH has risen by 1.68% in the short term, but how far this technical signal can go still depends on subsequent market reactions. It’s worth paying attention, but don’t let past gains cloud your judgment.
ETH-0.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments